Two Harbors Investment (NYSE:TWO) Upgraded at StockNews.com

Two Harbors Investment (NYSE:TWOGet Free Report) was upgraded by StockNews.com to a “sell” rating in a report issued on Tuesday.

Other equities analysts have also issued research reports about the company. Royal Bank of Canada cut their price target on Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating for the company in a research note on Friday, November 1st. Compass Point cut their price objective on Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating for the company in a research report on Monday, November 25th. JPMorgan Chase & Co. decreased their target price on Two Harbors Investment from $11.50 to $11.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. Finally, JMP Securities reissued a “market outperform” rating and issued a $14.00 price target on shares of Two Harbors Investment in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $13.54.

Get Our Latest Research Report on Two Harbors Investment

Two Harbors Investment Trading Down 1.7 %

Two Harbors Investment stock opened at $11.79 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.80. The firm has a market cap of $1.22 billion, a PE ratio of -2.45 and a beta of 1.83. The stock’s 50 day simple moving average is $11.73 and its two-hundred day simple moving average is $12.68. Two Harbors Investment has a 12 month low of $10.84 and a 12 month high of $14.27.

Two Harbors Investment (NYSE:TWOGet Free Report) last released its quarterly earnings results on Wednesday, January 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.07). Two Harbors Investment had a negative net margin of 87.84% and a positive return on equity of 4.45%. Analysts anticipate that Two Harbors Investment will post 0.47 earnings per share for the current year.

Insider Activity

In related news, insider Rebecca B. Sandberg sold 5,025 shares of Two Harbors Investment stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $11.21, for a total transaction of $56,330.25. Following the transaction, the insider now owns 156,163 shares in the company, valued at approximately $1,750,587.23. This trade represents a 3.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CIO Nicholas Letica sold 5,737 shares of the company’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $11.28, for a total value of $64,713.36. Following the completion of the sale, the executive now owns 168,935 shares of the company’s stock, valued at approximately $1,905,586.80. The trade was a 3.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,754 shares of company stock worth $333,307 over the last three months. Insiders own 0.61% of the company’s stock.

Hedge Funds Weigh In On Two Harbors Investment

A number of institutional investors have recently bought and sold shares of TWO. Van ECK Associates Corp grew its stake in shares of Two Harbors Investment by 20.2% in the 4th quarter. Van ECK Associates Corp now owns 893,014 shares of the real estate investment trust’s stock valued at $10,564,000 after buying an additional 149,870 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Two Harbors Investment by 1.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 5,350,945 shares of the real estate investment trust’s stock valued at $64,158,000 after acquiring an additional 69,725 shares during the last quarter. Legacy Financial Strategies LLC grew its position in Two Harbors Investment by 42.0% in the fourth quarter. Legacy Financial Strategies LLC now owns 16,900 shares of the real estate investment trust’s stock worth $203,000 after acquiring an additional 5,000 shares during the period. KBC Group NV increased its stake in Two Harbors Investment by 86.5% during the fourth quarter. KBC Group NV now owns 6,635 shares of the real estate investment trust’s stock worth $78,000 after acquiring an additional 3,077 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its position in Two Harbors Investment by 97.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 58,084 shares of the real estate investment trust’s stock valued at $687,000 after purchasing an additional 28,607 shares during the period. 64.19% of the stock is owned by hedge funds and other institutional investors.

Two Harbors Investment Company Profile

(Get Free Report)

Two Harbors Investment Corp. invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other financial assets through RoundPoint in the United States. The company target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.

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Analyst Recommendations for Two Harbors Investment (NYSE:TWO)

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